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Protect your lifestyle

Life insurance is an easy, affordable way to ensure your loved ones could keep living the life they're used to if you were no longer around.

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Peace of mind against the unexpected

Could your family maintain their lifestyle if you fell terminally ill and the worst happened? 

As you reach big chapters in life – like buying a home, having and raising children, significant birthdays – it's important to ask these questions. 

Life insurance can give you peace of mind now that your loved ones will have some financial security in such difficult times. And it's easy to set up, too.

You could put life insurance in place today that provides the protection you need. 

Pay just a little each month and your family could get a cash sum if you die. Or you could get the sum early if you're diagnosed with a terminal illness that meets our definition, as per the Terms and Condition.

With Post Office Money Life Insurance:

  • You can pay from just £5 per month or pay more and get up to £500,000 of cover*
  • Terminal illness cover is included and pays out early in the event of a diagnosis that meets our definition, as per the Terms and Conditions
  • There's a choice of level, decreasing and increasing cover to suit your needs
  • We won't pry – we'll only ask the questions necessary to quote for your cover 
  • You'll get an instant decision – we won't refer you elsewhere 

We'll make it easy for your family to claim if that difficult time comes. And we even provide one‑to‑one support at no extra cost if you or they are bereaved, or you’re diagnosed with a serious illness.**

How much life insurance do I need?

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Question 1 of 6

What do you need to decide?

Think about who you'd want to benefit from the money after you're gone. It might be your children or partner. But it could also be a parent, sibling or friend. 

Consider the level of cover they'd need to keep living the lifestyle they're used to if you died. And how long you'll need that cover in place for. All of this will help you find the right protection.

Get some help

Protect what matters in minutes, like your loved ones and lifestyle, in case the unexpected happens.

Did you know?

Average household spending in 2014 was £531 a week, or over £25,000 a year. 

Terminal illness cover

Life insurance isn’t just about looking after others if you die. If you’re diagnosed with a terminal illness that meets our definition (as per the Terms and Conditions) we'll be there for you. Your policy could pay early if you're expected to die within 18 months. So, at the hardest of times, it can at least make life a little easier financially.

Find out more

Some common questions

What is life insurance?

It's a way to give you some reassurance and your loved ones some extra financial security if you die. It can also provide some financial comfort at a difficult time if you're diagnosed with a terminal illness that meets our definition as per the Terms and Conditions.

It's not all that different from other types of insurance. If you insure a car or a house, you pay an agreed amount or 'premium' each month. The insurance company pays if it gets stolen, damaged or destroyed. 

With life insurance, the insurer pays out if you die within the term of the policy. You won’t be around to receive the money yourself, but you'll be able to leave it to your family or loved ones. 

It also includes a terminal illness benefit. So, if you're diagnosed with a terminal illness, that meets the definition, we'll pay the sum assured early, which could remove financial worries at a difficult time.

 

How does Post Office Money Life Insurance work?

Post Office Money Life Insurance is a life assurance policy that pays an amount of money (cash sum) if, during your chosen policy term, you die or are diagnosed with a terminal illness that meets the definition, as per the Terms and Conditions. 

If we pay your cash sum your policy will end. If you're still alive at the end of your policy term and haven't been diagnosed with a terminal illness, your policy will end and you won't receive a pay-out.

 

What classes as a terminal illness?

A definite diagnosis by the Attending Consultant of an illness that satisfies both of the following:

  • The illness either has no known cure or has progressed to the point where it cannot be cured; and
  • In the opinion of the Attending Consultant, the illness is expected to lead to death within 18 months.

An attending consultant is someone who holds an appointment as a consultant or equivalent at a hospital in the UK or holds a comparable qualification outside the UK, is accepted by our Chief Medical Officer and is a specialist appropriate to the cause of the claim.

How does someone claim on my policy?

Losing a loved one is a difficult time. The last thing those you leave behind need is a drawn out claims process. When the time comes, we'll make it easy for your personal representatives to claim the cash sum from your policy.

If you've recently lost someone and need to claim, you can find all of the information you need here.

Still have questions about life insurance? Visit our help page

Things you need to know

* Montly payments depend on the amount, length, type of cover and your personal circumstances.

** This service is not part of the Post Office Money Life Insurance contract and can be withdrawn at any time.

† Source: Office for National Statistics, Family Spending Report,2015.

Post Office Money Life Insurance is provided by The Royal London Mutual Insurance Society Limited.  

Post Office Money Life Insurance offers up to £500,000 cover for customers who are UK residents aged 18-70 at the start of the policy. The minimum term is 5 years and cover must end before your 81st birthday.

We won’t pay a claim on death if it was as a result of suicide or intentional self-inflicted injury within 12 months of the start date of your policy.


We won’t pay a claim on terminal illness if you don’t meet our definition of terminal illness; or terminal illness is caused by intentional self-inflicted injury within 12 months of the start date of your policy. 

We won’t pay a claim if you don’t keep your payments up to date as you will no longer be covered under the policy. Or if you don’t tell us something or give us incorrect answers to our application questions which affects your cover. If you’re a UK resident aged between 18 and 70, excluding members of the Armed Forces, Territorial Army or Reservists, you can apply.

 

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0330 123 3947 08.00-19.00 Monday – Friday
09.00 – 17.00 Saturday

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